Saudi to distribute $493m to social security beneficiaries
11 May 2020; MEMO: Saudi Arabia’s King Salman today ordered the distribution of “Ramadan Aid” worth 1.85 billion riyal ($492.6 million) for social security beneficiaries, the state news agency reported.
Providers of families will get 1,000 riyals ($267) each while family members will get 500 riyals ($133) each.
With curfews in place, oil prices at new lows and pilgrimage cancelled, the Saudi economy is suffering its worst slump in decades.